Jump to content


Photo
- - - - -

Jubilee (JBL)


  • Please log in to reply
102 replies to this topic

#1 RailRoad

RailRoad

    Newbie

  • Members
  • Pip
  • 40 posts

Posted 13 February 2018 - 01:53 PM

Anyone got a forecast on this one and why it has been on the downward trend?

 


  • 0

#2 du plessis

du plessis

    Advanced Member

  • Senior Member
  • PipPipPip
  • 229 posts
  • LocationBosveld

Posted 03 February 2017 - 10:28 AM

:) Early in January, shares in Jubilee Platinum PLC (LON:JLP) hit a 12 month high of 4.325p. Although this price is some way off the levels hit during the peak times of the last mining boom, it’s not far off the three year high of 4.625 hit in September of 2015.

Given that times have been tough in platinum for many years now, as supply continues to outstrip demand, that’s not bad going.

So what’s the secret?

 

A turnaround story

 

“Jubilee’s a real turnaround story,” says chairman Colin Bird. “At Dilokong  it’s going well. We’re making a lot of money with chrome. Our original deal was to treat the dump, take out the platinum and give back the chrome. But now we’ve got the rights to the chrome as well.”

This has meant that Jubilee has been transformed from a mining and mining processing technology company into a serious cash cow.

Income is rising

This process had just begun when the company reported its last set of full year results, back in November 2016, but the signs were already clear enough. In the year to June 2016, the Jubilee was still loss-making, but talking about total earnings from Dilokong in the third quarter of £2.291 mln.

Now says Bird, the likely income from a full year of tailings processing at Dilokong is likely to come it at between US$8 mln and US$10 mln.

And, with a second tailings processing operation now coming on stream at Hernic nearby, a similar sized income stream is about to be added.

This is a far cry from the company that struggled to make a success of its deep-level platinum resource on the Bushveld and then moved into speculative exploration in Madagascar.

The key is the deployment of the specialist Conroast processing technology by the company’s able chief executive Leon Coetzer. It’s the careful application of this technology in a space which many other companies have tried and failed to move into that is now turning waste rock into dollars for Jubilee, and moving up the share price.

“We’re getting all this chrome,” says Bird. “And now we’re stockpiling all this platinum."

 

Platinum plans add further potential

 

That last is a conundrum though. After a modest rise in the middle of last year, platinum price has resumed their downward trajectory, a trend that’s been ongoing for six or seven years now.

“We tried to defer building a plant for the platinum,” explains Bird. “We thought, if we’ve got all this platinum why not let it go to a platinum company? And the companies would have bought our product, but they weren’t willing to pay enough. So we’re going to build a small and economical plant after all, and that’s going to work really well for us.”

More deals on the way?

So what’s the company going to do with all the cash that’s coming in? First, there’s ongoing debt to pay down. But Dilokong is allowing that to be serviced with ease.

“Some of the debt commitments we’ve got in front of,” says Bird.

Perhaps more significant for the longer-term, he hints that there may be a certain amount of corporate activity in the pipeline.

“We’ve one or two deals on the go,” he says.

It’ll be interesting to see what happens next.


  • 0

#3 du plessis

du plessis

    Advanced Member

  • Senior Member
  • PipPipPip
  • 229 posts
  • LocationBosveld

Posted 02 February 2017 - 03:12 PM

This one can be the next 10 x bagger


  • 0

#4 muiso1

muiso1

    Newbie

  • Members
  • Pip
  • 2 posts

Posted 13 May 2016 - 08:44 AM

Anybody still following Jubilee? 


  • 0

#5 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 480 posts

Posted 05 August 2015 - 07:06 PM

Every time they issue a sens I crap myself on how many new shares are being issued. Well today was no different and once again they didn't disappoint. I bought at 30. I sold at 76. Will I buy my shares back? Doubt it.
  • 0

#6 SoleTrader

SoleTrader

    Advanced Member

  • Junior Member
  • PipPipPip
  • 480 posts

Posted 05 August 2015 - 07:02 PM

Every time they issue a sens I crap myself on how many new shares are being issued. Well today was no different and once again they didn't disappoint. I bought at 30. I sold at 76. Will I buy my shares back? Doubt it.
  • 0

#7 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,457 posts

Posted 05 August 2015 - 08:44 AM

I feel sick for selling out at 28c on JBL a few months back

If I had held onto them, would have made an easy 150K :angry:

Its the way the cookie crumbles

I listened to people on the thread saying the share was a dog. Should have stuck with my gut instinct!

Well done to all of you who stuck with it. You are smiling now

 

+1 Sold out at 32c for a grand loss of 38% of my initial outlay.

 

I stand by my posts of earlier share is a dog management are a bunch of feckles c@unts. If you were holding during the Darwin episode I rest my case.

The fact that it is rocketing of late is also puzzling Colin Bird hence the SENS of late.

Pump & dump at different levels....? I also wish I'd held on had over 1mil of these at 1 stage.

However I do apologize if my rants swayed your decision. Hindsight is always....well...nuff said.

Cheers.

Soutie.


  • 0

Anyone need a heads up...!


#8 jacani

jacani

    Member

  • Members
  • PipPip
  • 53 posts
  • LocationWestern Cape

Posted 05 August 2015 - 07:45 AM

As far as I am aware it is calculated on the primary listing which is UK Aim.


  • 0

#9 BuddingTrader

BuddingTrader

    Newbie

  • Members
  • Pip
  • 22 posts

Posted 04 August 2015 - 08:30 PM

Sens released today...

 

Copied from AIM forum..

 

"per year PGM 42000 x current price of 950per ounce = $40m revenue per year (ie gbp 25m) for 10 years = 25x10 = GBP 250m and our market cap only 38m? this is only for tailing projects, does not take into account Tjate project NPV worth of $1.6 billion"

 

Hi all

 

Jubilee is a dual listed company on both the JSE Altx and the LSE Aim.

 

How is the total market capitalisation of the company calculated?

 

Is it the market capitalisation of the JSE Altx PLUS the LSE Aim that gives the total cap?

 

Any advice on this will be greatly appreciated.

 

Regards

BT


  • 0

#10 Queen B

Queen B

    Little Master

  • Members
  • PipPipPipPip
  • 530 posts
  • LocationDurban

Posted 04 August 2015 - 05:46 PM

I feel sick for selling out at 28c on JBL a few months back

If I had held onto them, would have made an easy 150K :angry:

Its the way the cookie crumbles

I listened to people on the thread saying the share was a dog. Should have stuck with my gut instinct!

Well done to all of you who stuck with it. You are smiling now


  • 0

#11 jacani

jacani

    Member

  • Members
  • PipPip
  • 53 posts
  • LocationWestern Cape

Posted 04 August 2015 - 03:11 PM

Sens released today...

 

Copied from AIM forum..

 

"per year PGM 42000 x current price of 950per ounce = $40m revenue per year (ie gbp 25m) for 10 years = 25x10 = GBP 250m and our market cap only 38m? this is only for tailing projects, does not take into account Tjate project NPV worth of $1.6 billion"


  • 0

#12 nosh

nosh

    Little Master

  • Senior Member
  • PipPipPipPip
  • 527 posts

Posted 04 August 2015 - 01:03 PM

Hi all

 

I have been in hibernation for a while!

 

What's up with the recent rise in JBL?

 

Thanks in advance

 

Nosh


  • 0

#13 HDB

HDB

    The Oracle

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 5,229 posts
  • LocationBy the sea

Posted 24 July 2015 - 02:06 PM

on a tear like no tomorrow!!  shorters scrambling for script overseas!!


  • 0

HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#14 HDB

HDB

    The Oracle

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 5,229 posts
  • LocationBy the sea

Posted 24 July 2015 - 01:45 PM

Does anyone have information on this one?

 

Share is running both here and in UK.

had a webcast or webpod whatever u call it yesterday!!  directors ramping up the shares...but on a valuation basic, hopefully undervalued!!  my 20 bagger.... waited oh so patiently adding as it fell to low of 23c


  • 0

HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#15 jacani

jacani

    Member

  • Members
  • PipPip
  • 53 posts
  • LocationWestern Cape

Posted 24 July 2015 - 11:44 AM

Does anyone have information on this one?

 

Share is running both here and in UK.


  • 0

#16 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,457 posts

Posted 26 March 2015 - 06:05 PM

MANY years ago Jubilee Platinum punted the ConRoast technology as one that could be a game changer for the platinum industry, particularly junior miners, which have to smelt and refine their concentrate with the major platinum miners.

The juniors not only face penalties if the chrome content in their concentrate exceeds a certain percentage, they lose about 15% of the value of the metal in the concentrate as payment to the majors. The ConRoast technology can handle a high chrome content in concentrate and produces an iron alloy rich with platinum group metals. It was seen as a way of retaining more of the financial benefit in the juniors.

It has not panned out that way. Northam Platinum looked seriously at ConRoast, which Jubilee has under exclusive licence from mineral research company Mintek, but instead opted for conventional smelting technology that will be built for about R550m at its processing complex near Thabazimbi.

Northam has not said why it did not choose ConRoast. It could be the technology did not quite meet its requirements, or it decided against an iron alloy to send to its refining partner Heraeus, or it was concerned about the licensing. Whatever the reason, Jubilee is finding ConRoast a tough sell.

Taken from a B/Day article

Nobody wants to buy the ConRoast "solution" so Jubilee will do it themselves, run for the f#@cking hills.


  • 0

Anyone need a heads up...!


#17 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,457 posts

Posted 26 March 2015 - 05:31 PM

Yip our only source of revenue & these 2 @unts want to sell it.....

Where will the rest of the money come from to finance the plat recovery business.....MORE DILUTION......

Jubilee has not delivered anything of value for over 3yrs now.

Colin Bird should be prosecuted in the UK for continuing to solicit money based on his own unrealistic assumptions & pipe dreams.

Jubilee is a bottomless pit. My only source of comfort is that a lot of poor souls out there are averaging R2+/share & there's little comfort to be taken from that...!


  • 0

Anyone need a heads up...!


#18 shelddy

shelddy

    Newbie

  • Junior Member
  • Pip
  • 48 posts
  • LocationJHB

Posted 26 March 2015 - 08:32 AM

http://www.bdlive.co...ff-power-assets


  • 0

#19 M e r l i n

M e r l i n

    Advanced Member

  • Members
  • PipPipPip
  • 248 posts
  • LocationSANDTON

Posted 25 March 2015 - 10:50 PM

Ouch, maybe we set up a stock black list - warning of bad news outfits, to which must be added scumbags Kellermann and Grisgrove starring in:

Belvedere Ponzi Scandal 3.1 billion in one scam and another 1.3 billion in another (Clarus)

 

http://www.biznews.c...n-both-of-them/

http://www.biznews.c...arts-to-unwind/

 

 

 

The Company continues to review more tailings projects and other business opportunities consistent with our stated
goal of mines to metal. In essence, the Company is in the consolidation stage and will spend 2015 building new
facilities, which on completion, will be a game changer for the company and our loyal and patient shareholders.

 
 
Taken from today's interim report. Please people this is a dog of note stay the F%$@K away.
They lost 2.3mil pounds in 6mths entering a consolidation period now...! WTF
Selling out @ 30c if I can get it 
 
 
Total comprehensive loss for the 6 months (2 305) 

 


  • 0

People who think they know everything are a great annoyance to those of us who do. (Isaac Asimov)

 

 

 

 

 


#20 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,457 posts

Posted 25 March 2015 - 10:44 AM

The Company continues to review more tailings projects and other business opportunities consistent with our stated
goal of mines to metal. In essence, the Company is in the consolidation stage and will spend 2015 building new
facilities, which on completion, will be a game changer for the company and our loyal and patient shareholders.

 
 
Taken from today's interim report. Please people this is a dog of note stay the F%$@K away.
They lost 2.3mil pounds in 6mths entering a consolidation period now...! WTF
Selling out @ 30c if I can get it 
 
 
Total comprehensive loss for the 6 months (2 305) 

Edited by soutie, 25 March 2015 - 10:47 AM.

  • 0

Anyone need a heads up...!






Sponsored by Sharenet and VPSNine Linux VPS Hosting